AccentForex Review |
|
| 📅 Year founded |
2010 |
| 📈 Multiple top-tier regulation |
No |
| 📍 Headquarters |
Port Vila, Vanuatu |
| 🌍 Country of regulation |
Vanuatu |
| ✅ Regulators |
VFSC |
| 📈 Execution Type |
Market Execution |
| 💰 Minimum Deposit |
50 USD / EUR |
| 🛡️ Negative Balance Protection |
Yes |
| 📉 Trading Platforms |
MetaTrader4 |
| ☪ Islamic account |
Yes |
| 📉 Trading Instruments |
Forex / Shares / Futures / Metals |
| 📱 Mobile trading |
iOS / Android / Windows |
| 💳 Payment Types Accepted |
Debit and Credit Cards / Bank Wire Transfer / Skrill / Neteller / Bitcoin / Ethereum / USDT |
| 🎮 Demo Account |
Yes |
| ⓒ Copy Trading |
Yes |
| 🎁 Bonus Offer |
Deposit bonus / Cash bonus |
| 💰 Account Currencies |
USD / EUR / GBP |
| 📈 Minimum Trade |
0.01 Lots |
| 📈 Account Types |
ECN / STP / PAMM |
| 📈 Margin Trading |
Yes |
| 📈 Trading fees |
Low |
| 📈 Inactivity fee |
3.9% on withdrawal if no trades placed |
| 💰 Withdrawal fee |
Yes, payment method dependent |
| ☎ Customer Support |
24/5 |
| 💰 Max. Leverage |
500:1 |
| ✔️ Hedging Allowed |
Yes |
| ✔️ Scalping Allowed |
Yes |
| 💰 Commission |
Zero on Micro, Mini & Profit / $5 USD per lot on STP |
| 💰 Spreads |
From 0.1 pips |
| 💰 Leverage |
Flexible |
| 💰 Currency Pairs (Total Forex pairs) |
60 + |
| 🔢 Number of clients |
Unknown |
| 🥇 Instruments Offered |
105 + |
| 📙 Education |
What is Forex / Key Terms List |
WHAT IS ACCENTFOREX?
AccentForex is a distinguished forex and CFD broker established in 2010, with its operational base situated in the financial hub of Vanuatu.
This brokerage firm has swiftly risen through the ranks to establish itself as a notable entity in the global financial trading landscape.
It is dedicated to providing retail and institutional traders with access to the vast forex market, along with CFDs on indices and precious metals.
AccentForex differentiates itself through a steadfast commitment to offering an optimal trading environment that combines advanced technological infrastructure with user-oriented services.
This commitment is showcased in its adoption of the MetaTrader4 platform, recognised for its reliability, comprehensive analytical tools and flexibility.
INTRODUCTION
Founded in 2010, AccentForex has carved a niche for itself in the competitive world of online forex and CFD brokerage.
Based in Vanuatu, a location that has become increasingly popular among forex brokers for its favourable regulatory environment, AccentForex has been able to leverage its geographical positioning to offer unique trading benefits to its clients globally.
Over the years, AccentForex has focused on integrating cutting-edge technology with user-friendly trading solutions. This approach has enabled the broker to provide reliable access to global financial markets along with competitive trading conditions.
AccentForex’s strategic base in Vanuatu is not just a matter of regulatory convenience; it is also a strategic move that aligns with their vision of offering flexible trading conditions, including competitive leverage options and a streamlined process for account opening.
The regulatory framework in Vanuatu, under the oversight of the Vanuatu Financial Services Commission (VFSC), allows brokers to operate with a degree of flexibility while still providing a level of protection for traders.
As it stands today, AccentForex aims to maintain its reputation as a broker that balances technological sophistication with a trader-centric approach.
This is evident in their diverse range of trading instruments, account types tailored to different trader needs and a commitment to transparency and customer support.
PROS & CONS
PROS
- AccentForex offers a wide range of trading instruments, specifically forex pairs.
- The broker provides various account types to suit different trader needs.
- Competitive spreads and leverage options.
- Commission-free trading on certain accounts.
CONS
- Restrictions for traders from certain countries.
- AccentForex offers limited educational tools.
TRADING INSTRUMENTS
AccentForex distinguishes itself in the online brokerage community by offering a wide and diverse range of trading instruments, catering to the varied interests and investment strategies of traders.
This comprehensive suite of instruments encompasses the traditional and ever-popular forex market, shares of leading companies, futures contracts and precious metals, providing a solid foundation for both diversification and specialisation in trading portfolios.
Forex
AccentForex’s offering of the forex market allows traders to delve into the world of currency trading with access to major, minor and exotic pairs. The broker offers over 60 currency pairs to its traders with tight spreads starting from 0.1 pips on the STP Account.
Shares
For those traders looking to tap into the equity markets, AccentForex provides the opportunity to trade shares of some of the world’s leading and most influential companies.
The broker offers traders the ability to trade over 30 shares from companies around the globe, at a low commission of only 0.10% and spreads starting from only 0.4 pips.
Futures
AccentForex also caters to those interested in the futures markets, offering contracts on a variety of underlying assets including on indices, including the Dax Index and the Nikkei 225 Index, on natural gas and various soft commodities.
Metals
Trading precious metals has long been a favoured method for investors looking to hedge against inflation or currency devaluation. AccentForex provides traders with the ability to trade in precious metals including gold, silver and palladium with low spreads.
TRADING PLATFORMS
AccentForex’s choice to exclusively offer MetaTrader4 (MT4) as its trading platform is a strategic decision that aligns with the broker’s commitment to providing reliable, advanced and user-friendly trading solutions.
MT4, developed by MetaQuotes Software, is widely recognised as the leading trading platform in the forex industry due to its robust features, flexibility and ease of use.
By focusing on MT4, AccentForex ensures that its clients have access to a platform that is both highly regarded and extensively supported across the trading community. MT4 offers the following benefits to traders:
User-friendly interface
MT4 is known for its intuitive interface, making it accessible to traders of all experience levels. From navigating the platform to executing trades, the learning curve for new users is minimal.
Advanced charting tools
MT4 offers a comprehensive suite of charting tools and technical indicators, enabling traders to analyse market trends and identify potential trading opportunities.
With customisable charts, traders can tailor their analysis to fit their individual trading strategy and preferences.
Automated trading
One of the standout features of MT4 is its support for Expert Advisors (EAs), which are programs that allow for automated trading based on predefined criteria.
Traders can develop their own EAs, use those created by others or purchase them from the MetaTrader Market.
AccentForex’s integration with MT4 means traders can automate their trading strategies, potentially enhancing their trading efficiency and effectiveness.
Market and instant execution
MT4 supports both market and instant execution modes, giving traders flexibility in how they execute their trades based on their strategy and market conditions.
This flexibility is crucial for traders looking to capitalise on fast-moving markets.
Customisation and community support
MT4’s open-source-like nature allows for extensive customisation, including the ability to create custom indicators, scripts and even trading interfaces.
Additionally, the vast MT4 community offers a wealth of resources, from forums and tutorials to custom tools and advice, ensuring traders have support and resources readily available.
ACCOUNT TYPES
AccentForex offers a diversified range of account types to cater to the varying needs and preferences of traders.
This diversity in account options is designed to accommodate traders of all levels, from beginners to experienced professionals and includes Micro, Mini, Profit, STP (Straight Through Processing) and Swap-Free accounts.
Each account type comes with its unique set of conditions, enabling traders to select the one that best matches their trading strategy and goals.
Micro Account
The Micro account allows traders to start trading with a minimum deposit of only $50 USD with a maximum account balance of up to $1 000 USD.
No commissions are charged on this account and spreads are fixed from 2 pips.
This account is a great option for traders who are new to the industry and wanting to learn without risking large sums of money or paying high commission fees.
This account only allows access to 20 forex pairs in addition to all other instruments offered by AccentForex.
Mini Account:
The Mini account serves as a step up from the Micro account, offering more favourable trading conditions and slightly higher deposit requirements.
A minimum deposit of $100 USD is required for this account type, with a maximum balance of up to $10 000 USD.
The Mini account offers dynamic spreads from 0.5 pips with leverage of up to 200:1 available to traders. No commissions are charged on this account.
Profit Account:
The Profit account requires a minimum deposit of $1 000 USD, meaning it is geared to more experienced traders. Spreads are dynamic from 0.5 pips while no commission is charged on trades.
STP Account:
The STP (Straight Through Processing) account is designed for traders looking for direct access to the forex market without requotes. Trades are executed directly with liquidity providers, ensuring faster execution speeds and minimal slippage.
This account type offers tight spreads starting from 0.1 pips while commission of $5 USD is charged per lot traded.
Swap-Free Account:
Also known as an Islamic account, the Swap-Free account accommodates traders who, due to religious reasons, cannot engage in transactions that involve interest.
With AccentForex, every account mentioned above is available as a Swap-Free account, with the exact same trading conditions.
HOW TO OPEN AN ACCOUNT
The account opening process with AccentForex is simple and straight forward, as the broker aims to make trading easy and accessible for its clients.
The usual KYC documents need to be submitted, whereupon the broker verifies all the trader’s information and allows them to open an account and deposit funds before trading can commence.
DEMO ACCOUNT
A demo account option is available with AccentForex, allowing traders to familiarise themselves with the platform and practice trading strategies without risking real money.
The demo account also allows experienced traders to test new strategies before implementing them on live accounts.
SOCIAL TRADING AND COPY TRADING
AccentForex offers social and copy trading features, in the form of PAMM Accounts, where traders can invest their funds with a dedicated PAMM account manager.
Traders invest their funds with PAMM managers and earn money on trades place by PAMM managers without having to trade themselves.
Additionally, MT4 has features allowing the use of EAs and access to an extensive community of traders which clients of AccentForex may utilise in their trading activities.
COMMISSIONS AND FEES
The broker’s fee structure is dependent on the account type selected, providing traders with the flexibility to choose a fee structure that compliments their trading style.
On the Micro, Mini and Profit accounts, the broker does not charge commissions as those are built into the spread on offer.
On the STP account, AccentForex does charge a commission of $5 USD per lot traded, depending on the currency pair traded. Some pairs may attract higher commissions than this.
The broker does charge fees on withdrawals, mostly to cover their costs of transfers, but these fees are low. The broker also charges inactivity fees when money is withdrawn on accounts that are inactive.
LEVERAGE
Leverage options vary by account type and asset class, providing flexibility to traders who wish to magnify their trading positions.
Leverage on the Micro account can be accessed up to as high as 500:1, while on the STP account, leverage is available up to as high as 200:1.
Leverage offered by AccentForex is variable and can be adjusted as traders require.
WITHDRAWALS AND DEPOSITS
AccentForex supports various methods for deposits and withdrawals including bank transfers, credit / debit cards, Skrill, Neteller and various cryptocurrencies.
The broker does not charge fees for deposits, however small withdrawal fees are applied depending on the method used.
Additionally, withdrawal fees are applied when money is withdrawn from accounts that have not seen any trading activity.
CUSTOMER SERVICE
The broker offers customer support through multiple channels such as email, phone support and live chat, aimed at providing timely and helpful assistance to its clients.
AccentForex’s customer service team is available to assist 24/5, in line with the forex market’s trading hours.
The team expands across a number of countries and customer service is available in multiple different languages.
SAFETY AND SECURITY
In the world of online trading, the importance of safety and security cannot be overstated. Traders need assurance that their investments are protected and that the broker they choose operates under strict regulatory standards.
AccentForex takes this aspect of its service very seriously, implementing robust security measures and adhering to regulatory guidelines to ensure the safety of its clients’ funds and personal information.
Regulation by the VFSC
AccentForex is regulated by the Vanuatu Financial Services Commission (VFSC), a regulatory body responsible for supervising and regulating the financial services industry in the jurisdiction of Vanuatu.
The VFSC’s role is to ensure that licensed entities, like AccentForex, comply with the necessary financial service laws and regulations, providing a layer of protection to traders.
Regulation by the VFSC indicates that AccentForex maintains the required standards of financial stability, operational competency and fair trading practices.
Regulatory oversight is designed to instil confidence in traders, knowing that they are dealing with a broker that is subject to regulatory scrutiny and one that operates with transparency and integrity.
Client fund protection
AccentForex takes several steps to protect client funds, adhering to the principle of segregation of funds. This means that clients’ funds are kept in separate bank accounts from the company’s operational funds, ensuring that client money cannot be used for any other purpose than the intended trading activities.
This segregation of funds is a critical component of financial regulation that protects traders in the unlikely event of the broker’s financial instability.
Data security
Understanding the sensitivity of personal and financial data, AccentForex employs state-of-the-art encryption technologies to secure all transactions and communications between clients and the broker.
This includes the use of SSL (Secure Socket Layer) encryption, which ensures that data transmitted over the internet is encrypted and protected from unauthorized access.
Platform security
The trading platform provided by AccentForex, MT4, is renowned for its robust security features. It includes mechanisms to protect against unauthorised access and data interception, offering traders peace of mind.
The platform uses encryption protocols to secure the flow of information and employs two-factor authentication (2FA) options for an added layer of account security.
Negative balance protection
AccentForex offers its clients negative balance protection, which meas that traders’ account balances can never be less than zero. In the event of a losing trade, this means that traders will never lose more funds than they have deposited.
PROMOTIONS
AccentForex periodically offers promotions and bonuses to its traders. Currently, the broker offers a 40% deposit bonus, where the broker allocates an additional 40% of your deposit to your trading account.
Additionally, AccentForex offers a cash bonus of 35% for deposits when accounts are topped up with at least $300 USD.
RESEARCH
The broker provides some good research tools for its traders, including an economic calendar, forex news and forex analytics which traders can access on AccentForex’s website.
Additionally, with the provision of MT4, traders can access the wide range of research and educational tools available on the platform.
EDUCATION
AccentForex offers fairly limited trading educational tools to its clients, with the following tabs available on its website:
- What is Forex?
- Key terms list.
- What is Forex analytics?
The broker also offers traders access to a demo account where traders can learn and test new strategies before applying them to a live account.
GLOBAL AWARDS
According to our research, we were unable to find any global awards that have been won by AccentForex, however, this does not mean that they have not won any.
Additionally, their excellent client reviews showcase that the broker is highly rated amongst its client base.
SAFE OR SCAM?
In the digital age, where online financial transactions have become the norm, the question of whether a broker is “safe or a scam” is of paramount importance to traders.
For AccentForex, a thorough examination of its operational practices, regulatory compliance and commitment to trader security provides essential insights into its legitimacy and reliability.
Regulatory compliance
AccentForex is regulated by the Vanuatu Financial Services Commission (VFSC), which serves as a significant indicator of its commitment to adhere to specific operational standards required by financial regulatory authorities.
This regulatory oversight suggests that AccentForex operates with a level of transparency and accountability required by its regulator, which is a positive sign for traders looking for a legitimate broker.
Operational transparency
Transparency in operations, including clear communication about trading conditions, fees and the risks associated with trading, is another critical factor in assessing the legitimacy of a broker.
AccentForex provides detailed information on its trading platforms, account types and other essential services, allowing traders to make informed decisions.
Protection of client funds
The broker’s implementation of negative balance protection as well as segregated client funds ensure that that client funds are always protected and at the forefront of AccentForex’s offering.
CONCLUSION
AccentForex is clearly a broker that provides its clients with a high quality trading environment and comes highly recommended by its client base.
The broker offers a wide variety of trading instruments and trading platforms, catering to the needs of its clients.
The broker is well regulated and implements good security measures, giving traders peace of mind regarding the safety of their funds.
After conducting an in-depth review on this broker, the team at Brokersuggest.com can safely say that AccentForex is a safe and reliable broker, offering a high quality trading environment.
This broker would be an excellent trading partner for any trader in the industry.
